The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Carmax Inc shares valued at $1,002,240 were sold by Livesay Jill A on Jul 29 ’24. At $83.52 per share, Livesay Jill A sold 12,000 shares. The insider’s holdings dropped to 9,448 shares worth approximately $0.8 million following the completion of this transaction.
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Also, Shamim Mohammad sold 25,000 shares, netting a total of over 2,056,500 in proceeds. Following the sale of shares at $82.26 each, the insider now holds 11,738 shares.
Before that, Shamim Mohammad had added 25,000 shares to its account. In a trade valued at $2,056,450, the Officer bought Carmax Inc shares for $82.26 each.
As published in their initiating research note from Stephens on December 05, 2024, Carmax Inc [KMX] has been an Equal-weight and the price target has been revised to $86. Analysts at Needham upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid March. As of March 19, 2024, Mizuho has initiated its “Neutral” rating for KMX. Earlier on September 25, 2023, Wedbush upgraded its rating. Their new recommendation was “an Outperform” for KMX stock which previously was a “a Neutral”.
Analyzing KMX Stock Performance
During the last five days, there has been a drop of approximately -0.04%. Over the course of the year, Carmax Inc shares have jumped approximately 10.19%. Shares of the company reached a 52-week high of $88.22 on 03/28/24 and a 52-week low of $65.83 on 05/02/24. A 50-day SMA is recorded $76.40, while a 200-day SMA reached $76.46. Nevertheless, trading volume fell to 1.59 million shares from 21690.0 shares the previous day.
Support And Resistance Levels for Carmax Inc (KMX)
According to the 24-hour chart, there is a support level at 84.00, which, if violated, would cause prices to drop to 83.44. In the upper region, resistance lies at 85.30. The next price resistance is at 86.04. RSI (Relative Strength Index) is 66.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.44, which suggests the price will increase in the coming days. Percent R is at 15.91%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
